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Music Broadcast Ltd.
(RADIOCITY)
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Rating:52Neutral
Price Target:
₹6.50
▼(-7.01% Downside)
Action:Reiterated
Date:07/24/26
The score is driven primarily by mixed financial performance: strong cash flow and low leverage help offset a materially weaker profitability and revenue trend. Technicals add slight support with price above key short/medium-term averages, while valuation is pressured by negative earnings and the absence of dividend yield data.
Positive Factors
Low leverage / conservative balance sheet
Debt-to-equity near 0.05 (FY2026) provides durable financial flexibility. Low leverage improves resilience to advertising cyclicality, supports capital allocation for digital initiatives or M&A, and reduces refinancing risk over the next several quarters.
Negative Factors
Declining revenue and large net loss
Sustained revenue decline and a substantial net loss materially weaken the income statement, constraining reinvestment, margin recovery, and strategic initiatives; recovery could take multiple quarters as ad markets and cost structure must normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Debt-to-equity near 0.05 (FY2026) provides durable financial flexibility. Low leverage improves resilience to advertising cyclicality, supports capital allocation for digital initiatives or M&A, and reduces refinancing risk over the next several quarters.
Read all positive factors
Music Broadcast Ltd. (RADIOCITY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.17B
Dividend YieldN/A
Average Volume (3M)7.51K
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-24.33%
EPS Growth-8.65%
CountryIN
Employees334
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)-1.21
Shares Outstanding345,685,640
10 Day Avg. Volume4,972
30 Day Avg. Volume7,507
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.36
Price to Sales (P/S)0.93
P/FCF Ratio4.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Music Broadcast Ltd. Business Overview & Revenue Model
Company Description
Established in 1999 and headquartered in Mumbai, India, Music Broadcast Limited is responsible for the ownership and operation of FM radio stations across the nation. These stations, operating under the popular Radio City brand, deliver a diverse ...
How the Company Makes Money
Publicly verifiable, company-specific details for Music Broadcast Ltd. (RADIOCITY) are not available in the information provided; therefore, a detailed, factual breakdown of its revenue model, key revenue streams, and material partnerships cannot ...
Music Broadcast Ltd. Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.70B | 1.74B | 2.34B | 2.29B | 1.99B | 1.68B |
| Gross Profit | 941.85M | 671.65M | 893.60M | 1.05B | 752.19M | 254.15M |
| EBITDA | -85.09M | -176.76M | 126.37M | 562.30M | 427.71M | 278.24M |
| Net Income | -419.27M | -533.24M | -338.37M | 68.44M | 34.40M | -57.01M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.96B | 6.65B | 6.81B | 6.56B | 6.54B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 1.02B | 1.53B | 741.08M | 525.58M | 344.01M |
| Total Debt | 0.00 | 236.38M | 1.26B | 1.06B | 983.29M | 194.50M |
| Total Liabilities | -4.45B | 505.76M | 1.67B | 1.49B | 1.31B | 504.71M |
| Stockholders Equity | 4.45B | 4.45B | 4.98B | 5.32B | 5.25B | 6.04B |
Cash Flow | ||||||
| Free Cash Flow | 33.27M | 368.47M | 44.34M | 182.84M | 205.79M | 195.27M |
| Operating Cash Flow | 73.69M | 418.32M | 166.08M | 273.18M | 304.84M | 227.35M |
| Investing Cash Flow | -90.74M | 645.39M | -94.71M | -162.84M | -237.87M | -176.14M |
| Financing Cash Flow | -36.99M | -1.11B | -74.39M | -80.61M | -79.09M | -73.76M |
Music Broadcast Ltd. Technical Analysis
Negative
6.99
Price Trends
6.43
Negative
6.29
Negative
6.24
Positive
Market Momentum
-0.09
Positive
43.13
Neutral
31.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADIOCITY, the sentiment is Negative. The current price of 6.99 is above the 20-day moving average (MA) of 6.50, above the 50-day MA of 6.43, and above the 200-day MA of 6.24, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 43.13 is Neutral, neither overbought nor oversold. The STOCH value of 31.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RADIOCITY.
Music Broadcast Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹5.07B | -383.50 | ― | 0.65% | 22.18% | 99.00% | |
52 Neutral | ₹2.17B | -5.13 | ― | ― | -24.33% | -8.65% | |
52 Neutral | ₹6.58B | 38.14 | ― | 2.72% | -7.90% | -43.74% | |
50 Neutral | ₹4.79B | -58.08 | ― | 1.98% | 2.62% | -171.14% | |
47 Neutral | ₹995.89M | 15.08 | ― | ― | 13.13% | -33.53% | |
40 Underperform | ₹260.21M | -5.26 | ― | ― | -100.00% | -107.46% |
* General Sector Average
IN:RADIOCITY
Music Broadcast Ltd.
6.25
-2.41
-27.83%
IN:BAGFILMS
B.A.G. Films & Media Ltd.
4.45
-1.96
-30.58%
IN:ENIL
Entertainment Network (India) Limited
100.40
-60.75
-37.70%
IN:NEXTMEDIA
Next Mediaworks Limited
3.92
-2.38
-37.78%
IN:TVTODAY
TV Today Network Ltd.
110.00
-41.25
-27.27%
IN:ZEEMEDIA
Zee Media Corp. Ltd.
7.67
-4.97
-39.32%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.